Operation Management

Introduction

Operations Management is the administration of business practices to create the highest level of efficiency possible within an organisation. It is concerned with converting materials and labor into goods and services efficiently as possible to maximize the profit of an organisation.

Objectives

      ⦁    Describe the nature of Operations Management.

      ⦁    Summarise the significance of Operations Management for all types of organisations.

      ⦁    Explain the position of the operations function within the organisation, its strategic role, and contribution to the competitiveness of the organisation.